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Coinpedia
2024-08-13 11:06:25

Canadian Crypto Exchange Misappropriates $9.5M Of Crypto Investments For Gambling

The post Canadian Crypto Exchange Misappropriates $9.5M Of Crypto Investments For Gambling appeared first on Coinpedia Fintech News The Canadian cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded customers by misappropriating 13 million Canadian dollars ($9.5 million) of their cryptocurrency investments and using the funds for gambling. The ezBtc platform, which went offline permanently around September 2019 and was dissolved in 2022, had claimed to store all its users’ crypto investments …

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